Navitas Semiconductor and Nokia Partner to Pioneer 6G Technology
Written by Emily J. Thompson, Senior Investment Analyst
Source: Fool
- Market Outlook: Navitas Semiconductor focuses on enhancing circuit efficiency, with the semiconductor materials market projected to grow at an annual rate of 25% through 2032; while currently unprofitable, this long-term trend could lead the company to profitability.
- Technological Collaboration: Nokia's partnership with Nvidia aims to develop AI-driven 6G wireless networks to enhance data transmission efficiency, which will provide better services for AI applications relying on mobile communication networks, thereby strengthening market competitiveness.
- Revenue Growth: AMD's data center revenue increased by 22% year-over-year for the three months ending in September, driven by strong performance from its Instinct MI350 series GPUs, indicating robust demand in the AI sector.
- Strategic Goals: AMD aims for a long-term annualized revenue growth of 35%, with its AI business expected to achieve an 80% annual growth rate, further solidifying its position in the market.
Analyst Views on AMD
Wall Street analysts forecast AMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMD is 281.78 USD with a low forecast of 200.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
37 Analyst Rating
27 Buy
10 Hold
0 Sell
Moderate Buy
Current: 204.680
Low
200.00
Averages
281.78
High
350.00
Current: 204.680
Low
200.00
Averages
281.78
High
350.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing, graphics and visualization technologies. Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes artificial intelligence (AI) accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), smart network interface Cards (SmartNICs) and Adaptive system-on-Chip (SoC) products for data centers. Client and Gaming segment includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services. Embedded segment includes embedded CPUs, GPUs, APUs, FPGAs, system on modules (SOMs), and Adaptive SoC products. It markets and sells its products under the AMD trademark. Its products include AMD EPYC, AMD Ryzen, AMD Ryzen PRO, Virtex UltraScale+, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
